For subscribers
News analysis
Proposed Bill will help ensure S’pore stays open to investments while protecting national security
Sign up now: Get ST's newsletters delivered to your inbox
The proposed Significant Investments Review legislation will strengthen the resilience of Singapore’s economy and enhance national security.
PHOTO: ST FILE
Follow topic:
SINGAPORE - In 2006, the United Arab Emirates government-owned Dubai Ports World tried to buy British shipping company P&O, which owned, among other assets, six US ports. The takeover bid was eventually blocked on national security considerations.
A more recent example of an investment deal that gave rise to national security concerns was in 2020, with US semiconductor giant Nvidia’s plan to acquire British-based chip designer Arm from Japan’s SoftBank. Arm’s technology is used largely in chips for smartphones.
